By Milana Vinn and David French (Reuters) – Buyout firm TPG has emerged as the frontrunner to pick up a minority stake worth $2 billion in Creative Planning, in a deal that could value the wealth management firm at more than $15 billion, people familiar with the matter said on Saturday. The deal would mark […]
By Caroline Valetkevitch and Sruthi Shankar NEW YORK/LONDON (Reuters) – Global stock indexes hit all-time highs on Friday after China’s central bank lowered interest rates and injected liquidity into its banking system and U.S. inflation continued to ease, while Treasury yields dipped. The yen firmed against the dollar after Japan’s former defense minister Shigeru Ishiba […]
By Georgina McCartney HOUSTON (Reuters) – Oil prices edged higher on Friday, but were set for a weekly drop as investors weighed expectations for higher global supply against fresh stimulus from top crude importer China. Brent crude futures for November delivery were up 51 cents, or 0.71%, at $72.11 per barrel as of 1:00 p.m. […]
By Jasper Ward and Kanishka Singh WASHINGTON (Reuters) -Former U.S. President Donald Trump, who is the Republican presidential candidate, said on Friday he will seek the prosecution of Google if he wins the Nov. 5 election, claiming that the company only displays “bad stories” about him. Trump, in his post on Truth Social, gave no […]
By Abigail Summerville NEW YORK (Reuters) – Morgan Stanley’s middle-market buyout arm is exploring a sale of Sila Services that could value the residential services company at about $1.5 billion, including debt, people familiar with the matter said on Friday. King Of Prussia, Pennsylvania-based Sila, which is a provider of services including heating, air-conditioning, and […]
(Reuters) -Shares of BKV rose 3.1% in their debut on the New York Stock Exchange on Thursday, giving the U.S. natural gas producer a market capitalization of $1.56 billion. The beginning of the U.S. Federal Reserve’s long-awaited interest rate-cutting cycle has opened a window of opportunity for companies looking to list their shares. Some are […]
By Nick Carey, Nora Eckert and Joseph White LONDON/DETROIT (Reuters) – Stellantis wants to adopt the low-cost mindset of Chinese EV makers despite the European and U.S. tariffs CEO Carlos Tavares lambasts as anticompetitive, but the world’s No. 4 automaker must navigate trade barriers on both sides of the Atlantic if it wants to succeed. […]
By Niket Nishant and Manya Saini (Reuters) -The U.S. IPO market has bounced back strongly in 2024 after a nearly two-year dry spell, driven by receding recession fears and a searing rally in stocks. Still, investor preference for companies with a clear path to profitability has kept enthusiasm in check, with analysts expecting a recovery […]
(Reuters) – The Federal Communications Commission on Thursday finalized a $6 million fine for a political consultant over fake robocalls in imitating President Joe Biden that sought to dissuade people from voting for him in a New Hampshire’s primary election. In May, Steven Kramer, a Louisiana Democratic political consultant was indicted in New Hampshire over […]
NEW YORK (Reuters) – Shares of Ford Motor and General Motors fell about 5% on Wednesday after Morgan Stanley analysts downgraded the U.S. automakers, citing a challenging market environment marked by falling prices and growing competitive threats particularly from China. Legacy U.S. automakers are faced with high inventories, falling prices, and signs of weakening consumer […]
